Yes, it's time to balance the euforia around LYC with a sober analysis... sorry.
Here is the updated daily chart. I didn't recognise it at first, but it looks like a impulse wave plus ab=cd pattern to me. What gives it away is the pennant formation (upside down triangle flag) we're about 80% into. If I'm right, we'll see a drop to ~$1.60 pretty soon (next 3-4 weeks) which means plenty of upside after! If I'm wrong it's LYC business as usual (up and up and up) but you got to ask yourself: "if it was that easy who's losing money?" Someone simply has to hurt for someone else to make money...
I can't help bad news - I see it as I see it...
Cheers
Hans
cold water
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Last
$6.29 |
Change
0.010(0.16%) |
Mkt cap ! $5.879B | |||
| Open | High | Low | Value | Volume |
| $6.39 | $6.39 | $6.25 | $15.56M | 2.471M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 16021 | $6.27 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.32 | 18021 | 4 |
View Market Depth
| Last trade - 16.10pm 01/08/2024 (20 minute delay) ? |
| LYC (ASX) Chart |